What is the NM rental law regarding breaking a lease?

Answer by  patti (29325)

A lease is a contract. As such, breaking a lease is breaking a contract and would be an issue of contract law. There are some reasons a lease can be broken (the property is inhabitable, unsafe, etc). Some leases have provisions for termination due to transfer, etc. Review the lease. You may need to consult an attorney.

Answer by  Beki (33)

The general law, in New Mexico, which comes in to force when a short term rental Lease is broken allows for the Lessor to claim one months rent from the Lessee. However, should the said Lease contain a term of 12 months or more, no further rent is payable.

Answer by  mb (5482)

Under most leases in New Mexico and most other states you can be sued for the full amount of the remaining rent on the lease and legal fees.

Answer by  CarlSCansino (464)

If you break a lease, you may liable for breach of contract which would be the sum of the unpaid rents due on the lease contract.

Answer by  Roland27 (16334)

You can be charged for the months on the duration of the lease. To avoid this you need to find someone to take over the lease.

Answer by  belle39 (966)

In New Mexico, if you want to break the lease you must contact the landlord and discuss this with him. It is still your responsibility to pay out the remainder of the lease, and the landlord will need enough time to find another tenant so be sure to let him a few weeks ahead of time.